Tehran to Host 3rd GECF Summit in November
TEHRAN (Tasnim) – The third summit of Gas Exporting Countries Forum (GECF) Heads of State will be held in the Iranian capital of Tehran on November 23.
The Gas Summit is a meeting of heads of states and governments of GECF member countries. It is an opportunity for heads of states to interact and exchange views.
The Summit affords GECF member states the opportunity to discuss at the highest level developments, trends, and policies on energy in general and gas in particular and also to reaffirm their continued support to the objectives of the Forum.
The 2nd Summit of GECF member states was held in Moscow, capital of Russia, on July 1st 2013.
Hosted by Vladimir Putin, President of the Russian Federation, the 2nd Gas Summit was attended by representatives of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Oman, Qatar, Trinidad and Tobago, the United Arab Emirates and Venezuela, as well as Iraq, Kazakhstan, the Netherlands and Norway as observers, and IEA, IEF and OPEC as guest international organizations.
GECF members together control over 70% of the world's natural gas reserves, 38% of the pipeline trade and 85% of the liquefied natural gas (LNG) production.
The three largest reserve-holders in the GECF – Russia, Iran and Qatar – together hold about 57% of global gas reserves.
